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Overview of the Buying & Selling Process

Buyer
1Considers purchasing a home
2Selects a real estate professional
3Determines needs and wants
4Discusses financial issues
5Views & researches target homes
6Makes an offer to buy
Seller
1Decides to sell property
2Selects a real estate professional
3Determines needs
4Prepares home for marketing
5Agent markets the home
6Accepts, rejects or counters offer
7Offer Accepted
8Loan Application
9Inspections
10Title Search
11Appraisal
12Loan Approval
13Closing Papers Signed
14Documents Recorded
15Funds Available To Seller
16Seller Moves Out
17Buyer Moves In

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Preparing your home through the eyes of a buyer


The effort put into repairing and cleaning your property is likely to be returned in a fast sale at an attractive price.

  • As buyers approach your property the first time, impressions are formed quickly.
  • Paint house - this can do more for sales appeal than any other factor.
  • Yard - Remove all toys, garbage, garden tools and other items from view.
  • Mow lawn and keep edged.
  • Close garage doors.
  • Put colorful flowers in front of house.

 

Often, while waiting to be let in, the first thing a buyer looks at closely is the front door.

  • Put new paint on the front door.
  • Buy a new door mat.
  • Ensure that there is plenty of lighting.
  • Sweep or vacuum floor.
  • Stack items neatly against walls.

 

The kitchen is often the most important room in the house. Make it bright and attractive.

  • Put a vase of fresh flowers on the table.
  • Replace curtains or clean existing ones.
  • Remove appliances from counters.
  • Create a pleasant fragrance in the kitchen (i.e. vanilla, cinnamon).

 

It is important that bathrooms are clean, bright and smell fresh.

  • Install a new shower curtain and replace worn throw rugs.
  • Open windows.
  • Hang bright, fresh towels.
  • Remove stains from toilets and bathtubs.
  • Use air freshener.
  • Display colorful soaps.

 

The living room

  • Polish all woodwork and keep neet.
  • Put big furniture in storage so rooms are not cluttered or crowded.

 

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Repair & Cleaning Checklist

Although it is not necessary to make all the following repairs if any of the following items are in poor condition they should be addressed.

  • Front Door:
    • Newly painted
    • Doorbell operating
    • Door brass polished
    • Hinges oiled
  • Exterior of House:
    • House recently painted
    • Gutters recently cleaned
    • Exterior lights operating
    • Missing shingles replaced
    • Presure clean if necessary 
  • Windows:
    • Window trims painted
    • Windows operating freely
    • Cracked windowpanes replaced
    • Windows washed
  • Driveway:
    • Resurfaced
    • Potholes patched
    • Recently sealed
  • Patios:
    • Wood stained or painted
    • Fencing secure
    • Screens repaired 
  • Lawn:
    • Lawn in good condition
    • Grass mowed
    • Edges trimmed
  • Trees/Shrubs:
    • Dead branches pruned
    • Dead shrubs replaced
    • Overgrown shrubs pruned
  • Entry:
    • Entry lights operating
    • Floors cleaned
    • Closet cleaned
    • Closet light operating
  • Living Room:
    • Recently painted
    • Cracks in ceiling/walls repaired
    • Leaks repaired & watermarks treated
    • Wallpaper secured
    • Woodwork repainted
    • Curtains/drapes/blinds cleaned
    • Drapes/blinds opened
    • Carpets cleaned
    • Furniture positioned to show space
  • Kitchen:
    • Sink free of stains
    • No dripping faucets
    • Appliances in good working order
    • Walls, cabinets free of stains
    • Countertops cleared and cleaned
    • Pantry neatly arranged
    • Pantry hardware replaced
    • Refrigerator defrosted

  • Family Room:
    • Cracks in ceiling/walls repaired
    • Leaks repaired & watermarks treated
    • Wallpaper secured
    • Woodwork repainted
    • Windows washed
    • Curtains/drapes/blinds cleaned
    • Windows operating freely
    • Drapes/blinds opened
    • Carpets cleaned
    • Hobby supplies put away
  • Bedrooms:
    • Cracks in ceiling/walls repaired
    • Leaks repaired & watermarks treated
    • Wallpaper secured
    • Woodwork repaired
    • Windows washed
    • Curtains/drapes/blinds cleaned
    • Floor waxed/refinished
    • Carpets cleaned
    • Beds made
    • Laundry put away
    • Floor free from clutter
  • Dining Room:
    • Cracks in ceiling/walls repaired
    • Leaks repaired & watermarks covered
    • Wallpaper secured
    • Woodwork repaired
    • Windows washed
    • Drapes/blinds open to view
    • Floor waxed
    • Carpets cleaned
  • Bathrooms:
    • Sink stains removed
    • Leaky faucets repaired
    • Grouting stains removed
    • All joints caulked
    • Missing tiles replaced
    • All fixtures operating
    • Floors cleaned
    • New shower curtain
    • All supplies stored
    • Guest towels

 

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Possible work orders

You might have to:

  • Paint the exterior and interior if in bad condition.
  • Hook up to public water or sewer if available and if the property is vacant.

Other items to remember:

  • Inspectors will need access to the attic.
  • Leased equipment cannot be included in the sale (i.e. hot water tank, alarm system, etc.).
  • All assessments must be paid.

* Check with local authorities for specific requirements.

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While your house is being shown

Before Your House Is Shown

  • Disclose to your agent or remove items not included in sale (i.e. water conditioner, chandeliers, plants, drapes).
  • Open shades and curtains to let in light.
  • Turn on enough lights so home is well-lit during showing.
  • At night, turn on porch light and outdoor lighting.
  • Tidy all the rooms. Neatness makes a room easier to view.
  • Clean dirty dishes in the sink and put away any dishes on counter.
  • Keep toys in the children's rooms.
  • Put away items in the yard such as bicycles, gardening tools and skateboards.

While Your House Is Being Shown

  • When possible, leave while the property is shown. If not, remain in an area not being shown by the sales associate.
  • Let the real estate expert show your house. Answer questions candidly when asked, but avoid questioning potential buyers.
  • Refer inquiries about seeing your house to your Realtor to take advantage of the agent's professional skills in selling your home.
  • Don't mention items you wish to dispose of unless asked.
  • It is best to be away when your agent is holding an open house.
  • Keep pets outdoors or in one area.
  • Keep children quiet and in one area.
  • Keep radio, stereo or TV on low volume.
  • Keep money and other valuable items out of sight.

 

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Answers to frequently asked questions

What is title insurance?
Title insurance protects the named insured against loss because of defects, liens, encumbrances, adverse claims or other matters not shown or disclosed to the new owner that attach before date of policy.

What is a wood-destroying organism inspection report?
A wood-destroying organism inspection report is a written opinion by a qualified state licensed structural pest control inspector based upon what was visible and evident at the time of inspection. The inspection report does not in any way represent or guarantee the structure to be free from wood-destroying organisms or their damage, nor does it represent or guarantee that the total damage or infestation is limited to that disclosed in the report. Wood-destroying organisms include subterranean termites, dampwood termites, carpenter ants, wood boring beetles and wood decay fungus.

What are the hazards of lead-based paint?
All buyers and sellers are required by law to receive and read a pamphlet outlining the hazards of lead-based paint for homes built before 1978. Be sure to ask your real estate agent for a copy.

What are closing costs?
Closing costs are an accumulation of charges paid to different entities associated with the buying and selling of real estate. For sellers, they are usually about 9.5-10% of the total sales price of a property. Some of the closing costs you might encounter are: discount points, escrow fee, documentation fee, homeowners' association fees, pest/rot inspection, real estate commission and title insurance premium.

What property details are usually included by Listing Services?
Usually, properties listed will include the following details:

  • Location
  • Photograph
  • Price
  • Utilities
  • Amenities
  • Annual property tax
  • Listing company

What is the difference between a REALTOR® & Real Estate Agent?
REALTOR® identifies real estate professionals who are members of the National Association of REALTORS® and subscribe to its strict Code of Ethics. Not every real estate agent is a REALTOR®.

Don't see the answer to your question?
Click on the Contact Me link above and I will be happy to answer any questions you may have.

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